N-able Inc

For the period ended Dec 31, 2024. Filed Mar 7, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 7, 2025

NABL$4.81-0.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except per share information)

	Year Ended December 31,
	2024	2023	2022
Revenue:
Subscription and other revenue	$466,147	$421,880	$371,769
Cost of revenue:
Cost of revenue	77,159	66,369	56,133
Amortization of acquired technologies	3,520	1,839	2,477
Total cost of revenue	80,679	68,208	58,610
Gross profit	385,468	353,672	313,159
Operating expenses:
Sales and marketing	135,592	134,691	125,301
Research and development	90,714	78,180	63,484
General and administrative	76,514	69,885	71,125
Amortization of acquired intangibles	278	597	5,853
Total operating expenses	303,098	283,353	265,763
Operating income	82,370	70,319	47,396
Other expense:
Interest expense, net	(30,031)	(30,252)	(18,852)
Other income, net	1,931	4,259	1,881
Total other expense, net	(28,100)	(25,993)	(16,971)
Income before income taxes	54,270	44,326	30,425
Income tax expense	23,312	20,914	13,718
Net income	$30,958	$23,412	$16,707
Net income per share:
Basic earnings per share	$0.17	$0.13	$0.09
Diluted earnings per share	$0.16	$0.13	$0.09
Weighted-average shares used to compute net income per share:
Shares used in computation of basic earnings per share	185,277	182,371	180,136
Shares used in computation of diluted earnings per share	188,426	185,980	181,297

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.